escrow

Related topics: Law

es·crow /ˈeskrəʊ $ -kroʊ/ noun [uncountableU] law

SCLmoney, land, or a written contract etc that is held by someone who is not directly involved in an agreement while the agreement is being achieved 〔协议未达成期间〕暂由第三方保管的资金[地产，合约等]

a property held in escrow

暂由第三方保管的财产

Examples from the Corpus

escrow• Interest would meanwhile be paid into an escrow account.• Overseas debtors and any others over 90 days to be held in escrow or subject to a specific warranty.• The executed legal charge was sent to Warrens to be held, in escrow, pending completion.• Interest on the moneys held in escrow will follow the principal.• And considered quickly, since the property is in escrow.• The proceeds from the newly issued bonds were generally invested by investment bankers in U. S. Treasury securities and placed in escrow.• Key escrow may not work all the time.

held in escrow• Overseas debtors and any others over 90 days to be held in escrow or subject to a specific warranty.• Interest on the moneys held in escrow will follow the principal.

From Longman Business Dictionary

escrowes·crow /ˈeskrəʊ-kroʊ/ noun [uncountableU]LAW

1when money or SECURITIES related to a business deal or disagreement between two people or organizations are kept by a THIRD PARTY while the deal is completed or the disagreement is settled

The company stated that most of the proceeds from the sale will be held in escrow for future payments to creditors.

2when documents, software etc are kept by a THIRD PARTY to make sure that someone performs their part of the agreement

Origin escrow

(1600-1700) Old French escroue; → SCROLL1

es·crow noun

Chinese

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